Whether it happens or not, the pieces are falling into place for Miami to re-sign LeBron James, who also opted out of his contract to become a free agent, Wade, Bosh and Haslem to restructured deals. Bosh's decision was expected in the wake of his teammates'.

"Today we were notified of Chris' intentions to opt-out of his contract," Riley said in a news release. "Chris is one of the most versatile and dynamic big men in this league, and he has been an instrumental key to our championship success over the last four seasons. We look forward to meeting with Chris and his agent in the coming days to discuss keeping him in Miami for many years to come."

Wade, James and Bosh met last week and discussed their future. Becoming free agents — instead of playing another season in their current contracts — gives all three options, but certainly the Heat are pleased with events that have transpired.

Had none of the Big 3, or even just one, decided to play another season of their current contract, it would've limited the Heat's options in free agency. All three becoming free agents gives Riley some financial flexibility so he can make roster improvements, which James said is necessary the Spurs beat Miami in five games in the NBA Finals.

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Over the course of the past few days, Riley has released a statement after each player decided to become a free agent.

When James terminated his contract, Riley said, "We look forward to sitting down with LeBron and his representatives and talking about our future together."

On Saturday, Riley said, "Dwyane has been the cornerstone of our organization for over a decade, and we hope he remains a part of the Heat family for life. Udonis has been the heartbeat of this team for 11 years. He has sacrificed countless times to make this organization successful, and he is the epitome of what this organization stands for. We look forward to meeting with Dwyane and Udonis and their agent in the coming days to discuss our future together."

Bosh's scoring and rebounding averages have slipped each of the past four seasons, since joining the Heat. He posted 16.2 points and 6.6 boards a game last season, as opposed to 24.0 and 10.8 in 2009-10, his final season with the Toronto Raptors.

But the 6-10 power forward has played out of position as the Heat's center and improved his shooting range, shooting 74-for-218 last year on three-pointers after entering the season 87-for-302 for his 10-year career. Bosh has a crucial role in the Heat offense, pulling opposing big men out of the paint to open the floor and often being relied on for key shots. He sealed a victory with a three-pointer and late assist to Wade in Game 2 of the NBA Finals, but that ended up being the Heat's only victory against the San Antonio Spurs in the five-game series.